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Jim, ask Revlis to suggest to Carpenter that many of us on the Ihub IDCC board are voting NO for the 2009 Incentive Plan.
It would be a good idea for Rev to campaign for a NO VOTE from TC and any others who might be attending the hearings.
I feel a YES to reelecting WM is an absolute necessity. I think he has been the best one for IDCC in a long time.
I don't disagree with the principal that incentives will keep employees, BUT, if you believe in your company and its long term value, then why wouldn't you keep shares you were awarded instead of selling them when you got them?
It's like AIG paying bonuses to its executives EVEN AFTER they are having huge losses, and getting Billions in Government Bail-out money to keep them alive. Reward them even though they are going down the tubes? I THINK NOT!
NO, IDCC is not going down the tubes. Rather, it's just the opposite; IDCC DOES HAVE A GREAT POTENTIAL to be a very profitable business and a leader in its industry. If management believes in that, then they would give it up now for benefits in the future.
Institutions please vote NO on Incentive Plan.
All of the Institutional investors should vote NO to the 2009 Incentive Plan being proposed at the ASM in June.
Look at the price of IDCC stock. Look at who is selling and when they are selling and at what price they are selling.
Then, look at our current price, and our current dividend, and our P/E ratio and our projected earnings.
Enlightening? All you see is insiders benefitting from their incentive plans and not the shareholders.
I say no Stock incentives, no bonuses, no perks. Insiders have received too much and shareholders have received nothing. If they get ANY stock, make it so they cannot sell it for 5 years or until the stock hits a $50 price target. Then, we as shareholders would benefit also from the price appreciation.
Incentive based on stock price is one of the things I thought about.
1. Stock Price at 12-31-09
2. Number of NEW 3-G clients signed
3. Revenues from NEW 3-6 clients
4. Positive resolution of ALL Nokia issues
5. Reductions of opearating expenses
6. Number of NEW MARKETS penetrated (IE: CHINA)
JimLur, we probably have a snowball's chance in hell to defeat the 2009 incentive plan, but we ALL need to vote NO to send the insiders a message that we are not happy with what they do.
The only way at this point that I would vote YES is if the BOD declared a special dividend so that the working class who risk their hard earned money into IDCC go something other than a promise that we will be rewarded in the future.
I will vote NO. Hope everyone else does the same.
A 'NO' vote on the Incentive Plan by individual shareholders will send a message to the BOD that we are not happy with the way insiders are rewarded while the individuals like us who have held IDCC for years are sitting and hoping for that day that WE THE SHAREHOLDERS WILL BE REWARDED HANDSOMLY ! ! !
Now, if we could only get the institutional holders to see our side, we might win. AFTER ALL, THEY ALSO REPRESENT INDIVIDUAL SHAREHOLDERS LIKE US ! ! !
Received IDCC Proxy notices today.
Proposal 2 is for the 'ADOPTION AND APPROVAL OF INTERGIDITAL INC 2009 STOCK INCENTIVE PLAN'.
While the BOD is recommending approval of the adoption of the Stock Incentive Plan, I wonder how many of the 'INDIVIDUAL SHAREHOLDERS' would vota a NO or ABSTAIN?
I'm not sure how this would work but, here is what I would rather see:
Not approve the currently proposed Stock Incentive Plan at the June 2009 Shareholders meeting.
RATHER, have each individual set their OWN GOALS AND OBJECTIVES and if accomplished, they would get their just 'rewards.
IF all corporate goals and objectives are accomplished, in the JUNE 2010 ASM, retroactively approve the Stock Incentive Plan as seen appropriate at THAT TIME.
After Hours Trading 69,000+ shares. Buyback in process, or institutional trades. Someone positioning themselves for next week?
TIME PRICE # SHARES
16:22 $ 27.68 2,439
16:20 $ 27.68 7,272
16:20 $ 27.235 42,800
16:12 $ 27.68 1,437
16:09 $ 27.401 15,593
16:00 $ 27.68 100
16:00 $ 27.68 100
Revlis (Microsoft rumor buyout of IDCC),
Perhaps Microsoft needs IDCC's patents in order to imbed cell phone useage somehow through your PC. Maybe they might be working with China or other companies to imbed 3-G phone functionality into their software.
Doesn't some company offer phone useage through your computer (Vonage or some company that sells some device or software for about $19.95 that allows user unlimited access/long distance calling through a PC)?
Don't know enough about this subject but it may not be out of the question.
JMO
So Here's what we've got:
1. Short interest @ 4-30 down to 4.150million (lowest since Mid-January 2009
2. ALJ putting the screws on both NOKIA and IDCC to cut the BS
3. Evidentiary hearings coming up end of May
4. China saying they are moving forward (new licensees coming?)
I wouldn't want to be shorting IDCC; It could be any day that NOK/IDCC is resolved. If favorable (IMO most likely) for IDCC, we could FINALLY see us moving up nicely from a short squeeze, especially if NOKIA is resolved AND we get some licensee in China.
There are usually no take-backs; only gives.
Ron, it's heck to get old, but it happens. Especially when you have to deal with 'negative' numbers.
With the street looking for a $0.21 loss and it turned out to be a $0.20 loss, I immediately panicked thinking missing it would give the shorts opportunity to slaughter the stock; then I realized (HOW DUMB OF ME) that it was $0.01 BETTER than street expectations!
Remember the old dot.com days -- companies reporting sales falling, revenues falling, net income below expectations, ---and the dot.com stocks rallied up for the day! ! ! L O L
NICMAR,
First of all, if IDCC with IDCC's poison pill at $250 and later at $100 and a lot of uncertainty from 2000-2007, you are right, nobody would try to do a hostile takeover.
BUT, from 2008 and forward, with positive cash flow, Sony Ericsson, Samsung, LG, etc., they have gotten over some of the hurdles. Once NOKIA is resolved, it is one of the last hurdles to overcome.
And how does anyone know whether insiders were approached by suitors in some 'friendly' discussions about a merger? BOD would probably not disclose this because of the Poison Pill
You asked "Who's going to do the bidding"? Well, if IDCC got rid of the Poison Pill, we would then see if a suitor recoginzes IDCC for its potential value or whether the insiders are themselves benefitting from the ups and downs of new deals and selling off after the news.
Mickeybritt,
No one can predict what price IDCC may fetch in the future. Whether it's $40, $60, $80, $100, $200, or more, don't you think it will get there whether or not it is still IDCC or a company merged into another company like QCOM, Cisco, etc.?
If you would be happy with a $60 BUYOUT TODAY, then you would have the option to sell at that price and walk away HAPPY; if you think it will be worth $100 1 year from today, you have the option to hold out until it reaches that level (whenever it happens) and then sell and still reach your goals.
Back in December, 1999, my mistake was to hold off for the "moon". At that time holding 30,000 shares at $6 average cost and selling at $75 would have made me and my wife extremely happy. But NO, I was a HOG instead of a pig and wanted to wait it out for the big kill. My wife won't let me forget my mistake to this day!
SO, If the potential is REALLY THERE, or it is percieved to be there by suitor(s) willing to pay $50 or $60 or $80 today, then let the bidding begin and let the sharholders decide when they want to exit, and not leave it up to the insiders.
H
I really think that the BOD should respond to questions on the poison pill and how it would benefit the SHAREHOLDERS, let alone how it would benefit the company.
The insiders take care of themselves via bonus shares, options exercised and then stock sold immediately after being exercised.
IDCC Poison Pill should go away!
I would think that it is time IDCC got rid of the poison pill which may prevent a legitimate suitor from making a bid to acquire IDCC because of the amount of the Poison Pill at $100.
It may also open up the bidding for IDCC and may bring in a price that would make many shareholders happy, let alone the insiders. $100 would be nice, but $50 or more would also be nice given the time and circumstances around the delays and lawsuits.
Could it be that the poison pill is in place to keep a lid on a buyuout until the legal matters are resolved and then the BOD will drop the poison pill and do a private buy-out for much less that would be brought by an acquisition and/or bidding war by outsiders?
I, like many other investors have been in IDCC for a long time (I've been in it since 1992) and have seen any upward movement in stock price squashed by delays in legal settlements, settlement amounts less than projected, short selling, bonuses awarded to insiders, and lack of follow through after some good news.
And, if for some reason IDCC loses against Nokia, we could see the stock price plummet and nobody (not even the BOD) would consider a buyout. Yet, the insiders have treated themselves very well with options, bonuses, and perks without anything going to the shareholders UNLESS we are smart enough to follow their leads and sell when they sell.
Don't forget that in addition to today's news, the following important dates are upon us:
Deadline for motions for summary determination pursuant to
new Rule 2 lO.l8(a) (March 27,2009). Wonder if there is any update to be had.
Updated tentative list of witnesses who will testify at the
hearing with indication of witnesses' relationships to any
party (April 1,2009).
Lets hope we've turned the corner and no more setbacks.
Wonder if TC from Hillard Lyons is considering a revision to his recent target prices as a result of today's news.
Goblue,
The frigid Chicago temperature has taken an adverse effect on you! How can you thank IDCC management for the great deal which is costing us money?
MAYBE, if IDCC gave us a carrot in the way of a $1.00 dividend, then I would say that mgmt is thinking about its shareholders. But to get a $400million deal with Sammy and see out price plunge by $1.00+ shows what the street thinks of these guys.
The only redemption is that THEIR STOCK is dropping in value just like ours!
Olddog, Mschere, anyone; I recently asked if anyone had a scorecard of which insiders hold options and when they expire. Someone on this board suggested that I 'not go there again'.
Well, it looks like Olddog has the same thoughts in mind; knowing when the insiders 'may' sell before their options expire.
Is anyone keeping a scorecard of options and when they expire? Not that it would make a difference in anyone's decision to sell or hold, but it would be good to know when there is a potential for options to be exercised.
TIA
Not trying to bring up a sore subject again.
I've been in IDCC since 1992, seeing the ups and downs in this stock but stuck it out in belief that IDCC DOES HAVE THE ENGINE AND TRANSMISSION and one day soon the street will realize that IDCC is for real!
Don't want to try to recreate the wheel when someone may already be tracking what they have.
Thanks
Does anyone have a current list of options, RSU's, and shares each of the insiders own, including when they would have to exercise their options?
It would be interesting to see if there is any pattern as to when they might decide to exercise their options and then sell the stock.
TIA
Midwest Cabal best Ribs in Chicago IMO is the Gale Street Inn on the northwest side of Chicago located on Milwaukee Avenue north of Lawrence Ave.
Close to O'Hare Airport (approx 7 miles). Accessible via expressways and even CTA transit from O'Hare to Gale Street Inn within 1/2 block.
I've been a holder of IDCC since 1989. Lurk but rarely post on the IHUB board.
Hope that in seven years when I retire IDCC will be my retirement fund that will allow my wife and I to enjoy our golden years.
Mickey, if IDCC were to borrow funds, the rate would be a floating rate and not a fixed rate. The only way they could get a fixed rate would be to float a bond issue with a fixed rate.
Why I feel negative about Tuesday's CC.
I don't think we will see the real value in IDCC UNTIL we see a positive statement that Nokia and Samsung's rates are established.
If the CC gives us these rates, then I still feel that management is either holding back or afraid to put the pressure on them.
But then again, we will know on Tuesday and maybe my concerns will be behind us.
Boogie and All:
I have been in IDCC since 1991. I, like others, could have made a bundle several times over (Motorola suit, Motorola appeal, 1999 run up, and now, another runup).
As to my feelings, I truly believe in IDCC's patents and potentials, however I don't feel as strong about management. I hope I am wrong; rather, I hope I am way out in left field. But you know what the MM's and the crap shooters do when there is no news -- they beat the stock down big.
Broken 80 or others; Question on Puts.
I am concerned that the earnings and CC will not go well and think that the price of IDCC stock will drop below $20. I have never used options and now I want to protect the number of shares I own right now and am thinking of the following:
Buy 100 'PUTS" contracts of the June $22.50's at $0.65. This equates too 100 contracts at 100 shares per contract for 10,000 shares at a cost of $6,500 plus brokerage fee (10,000 shares @ $0.65 = $6,500).
A. If the stock price falls to $21.85 on Tuesday, and I "put' the stock at $22.50 per share and is my profit really the net sales of the stock LESS the put option price or $218,500 (10,000 shares at $22.50 = $225,000 minus the $6,500 that I paid for the Put Option).
1. In this case If I sold the Stock at $21.85 I would still receive $218,500 proceeds;
2. Would I then sell the 100 June $22.50's puts?
3. Would the price of the puts be higher than the $0.65 that I paid, thus reducing my $6,500 cost of the puts?
4. Could the price of the June $22.50's puts be higher and thus returning my $6,500 AND a profit to boot ?
Thanks for your help.
It wouldn't surprise me if IDCC did NOT recognize all of their income in Q1.
Management is ultra conservative. They do not 'accrue' revenues as earned, but rather report income WHEN COLLECTED. Nothing says they have to recognize income when earned. They have all year (9 months remaining) to settle on a rate. Therefore, why should they book income not received ?